Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title53 MUNICIPALITIES GENERALLY |
PARTVII. TAXATION AND FISCAL AFFAIRS |
SUBPARTB. INDEBTEDNESS AND BORROWING |
CHAPTER81. INCURRING DEBT AND ISSUING BONDS AND NOTES |
SUBCHAPTERB. TAX ANTICIPATION NOTES AND FUNDING DEBT |
§8128. Condition precedent to validity of tax anticipation notes.
Latest version.
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No tax anticipation note shall be valid or obligatory in the hands of an original purchaser until certified copies of the authorizing and awarding resolution, the certificate as to the taxes and revenues remaining to be collected and a true copy of the accepted proposal for the purchase of the tax anticipation notes shall have been filed with the department. No approval by the department shall be required.
Notation
Cross References. Section 8128 is referred to in sections 8201, 8208, 8209 of this title.